Jin Rong Jie·2025-08-08 18:32Group 1 - The stock price of SMIC as of August 8, 2025, is 86.66 CNY, down by 3.93 CNY or 4.34% from the previous trading day [1] - SMIC is the largest and most advanced wafer foundry in mainland China, providing integrated circuit wafer foundry services with technology nodes ranging from 0.35 microns to 14 nanometers [1] - For Q2 2025, SMIC reported sales revenue of 2.209 billion USD, a decrease of 1.7% quarter-on-quarter but an increase of 16.2% year-on-year; net profit was 132.5 million USD, down 19% year-on-year, below market expectations of 167.1 million USD [1] Group 2 - The gross margin for Q2 2025 was 20.4%, a decrease of 2.1 percentage points quarter-on-quarter; the company expects Q3 revenue to grow by 5% to 7% with a gross margin guidance of 18% to 20% [1] - SMIC's capacity utilization rate reached 92.5% in Q2 2025, an increase of 2.9 percentage points quarter-on-quarter [1] - On August 8, 2025, the net outflow of main funds from SMIC was 1.003 billion CNY, accounting for 0.58% of the circulating market value; over the past five trading days, the cumulative net outflow was 949 million CNY, representing 0.55% of the circulating market value [1]